Skip to content
Back to Investors
Development Bank of Wales

Development Bank of Wales

Government

The Development Bank of Wales provides equity and loan financing to support business growth and technological innovation across Wales.


Recent investments

Grant
£12.0K

The funding from the Development Bank of Wales will support website development, digital advertising, and new staff hires.

"As I grew older and became more spiritual, I started to realise it was difficult to find things that were suitable for me."
— Rifhat Qureshi, Founder and Managing Director
Debt
£292K

The funding from the Development Bank of Wales will support new retail outlets and a manufacturing hub in North Wales.

"I started the business in 2009 after studying in Bologna and was amazed by the passion and creativity of the gelato chefs. It’s amazing what you can do with a great imagination and an appreciative audience. Our main ice-cream production is carried out at the main trading premise in Beaumaris but as our loyal army of followers has grown and grown, we recognised the need to expand with more retail outlets and a larger production hub."
— Tony Green, Owner
Seed
£350K

Swansea start-up QuoteOnSite secures seed capital from the Development Bank of Wales and Deri Green to scale its quote management platform.

"The investment has enabled us to now work full-time on QuoteOnSite and grow a team around us tomake the product the best it can be. We’re now starting to get traction in the market with a solid sales and marketing strategy. Being located at the TechHub Swansea is allowing us to meet customers as well as providing a great working space. Having spent the last two years working on QuoteOnSite alongside full-time jobs and family life, Elaine and I are excited to be able to focus more fully on the business. We’re pleased our software and business plan have attracted the attention of venture capitalists and are delighted to have completed our first seed round."
— TJ Amas, Co-founder